Are enterprises allowed to give and sell invoices?

Enterprises need to be careful with their invoices, the following acts of giving and selling invoices shall be penalized pursuant to Article 22, Decree 125/2020/ND-CP of the Government:

1. Fines ranging from VND 15,000,000 to VND 45,000,000 shall be imposed for one of the following violations:

a) Giving or selling externally ordered invoices which have not yet been released;

b) Giving or selling invoices ordered by clients to other entities or persons.

2. Fines ranging from VND fines VND 20,000,000 to VND 50,000,000 shall be imposed for the act of giving or selling invoices bought from tax authorities, but not yet been issued.

3. Remedies:

a) Compelling the cancellation of invoices with respect to the acts prescribed in this Article;

b) Compelling the disgorgement of illegal gains from commission of administrative violations prescribed in this Article.

As an established company in the field of tax and legal consulting, Vinasc hopes to adequately inform our customers to help them mitigate the risk during operation in Vietnam. Should there be any further concern, please contact Vinasc’s Customer Care department for timely support.